CEA allows Karcham Wangtoo Electric Power Plant to increase capacity to 1091 MW

The Central Electricity Authority (CEA) has permitted uprating of the Karcham Wangtoo Hydro Electric Power Plant owned by JSW Hydro Energy Limited (100% subsidiary of JSW Energy Limited) from 1,000 MW to 1,091 MW in a phased manner i.e. 1,000 MW to 1,045 MW in the first phase for two monsoon seasons in CY 2021 and CY 2022, and to 1,091 MW thereafter.

This capacity uprating has been done by 9% to 1,091 MW without any additional capital expenditure, and is a significant boost to the earnings potential of this key asset of JSW Energy Limited.

Shares of JSW Energy Ltd was last trading in BSE at Rs.109.3 as compared to the previous close of Rs. 107.05. The total number of shares traded during the day was 572265 in over 4523 trades.

The stock hit an intraday high of Rs. 111.5 and intraday low of 106.45. The net turnover during the day was Rs. 62451233.

Source : Equity Bulls

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